Business
Central Bank: foreign reserves record a slight 5-month high
February 6, 2014
Central Bank: foreign reserves record a slight 5-month high
Egypt's foreign reserves recorded a slight rise for the first time in five months, the Central Bank of Egypt said…
Egyptian agricultural exports reach LE13.6 billion in 2013
February 5, 2014
Egyptian agricultural exports reach LE13.6 billion in 2013
The value of Egypt's agricultural exports amounted to LE13.6 billion, representing 10 percent of Egypt's total exports in 2013 and…
New offers to encourage Arab tourism to Egypt
February 5, 2014
New offers to encourage Arab tourism to Egypt
The Tourism Ministry and the Tourism Promotion Authority launched new promotional offers in early March in a bid to attract…
Tourism declines by 17% in 2013: tourism minister
February 5, 2014
Tourism declines by 17% in 2013: tourism minister
Tourism Ministry statistics issued on Wednesday showed that incoming tourists in 2013 declined by 17.4 percent compared to 2012. Egypt received…
Energy subsidy expected to increase up to LE140 billion by end of fiscal year
February 5, 2014
Energy subsidy expected to increase up to LE140 billion by end of fiscal year
Petroleum Minister Sherif Ismail said petroleum products subsidy is expected to increase by 10 percent by end of the current…
Currency black market shows limits of Egypt’s recovery
February 4, 2014
Currency black market shows limits of Egypt’s recovery
Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…
Tourism Minister: Gulf tourists rates down 15%
February 3, 2014
Tourism Minister: Gulf tourists rates down 15%
The rates of tourism coming to Egypt from the Gulf countries fell by 15.3 percent during the past year, 2013, compared…
Beblawy in Saudi Arabia to support closer economic ties
February 3, 2014
Beblawy in Saudi Arabia to support closer economic ties
Prime Minister Hazem al-Beblawy heads on Tuesday, accompanied by a large ministerial delegation, to Saudi Arabia on a one-day visit,…
European bank allocates 1 million euros to support Egyptian furniture industry
January 30, 2014
European bank allocates 1 million euros to support Egyptian furniture industry
Ihab Deryas, head of the Egyptian Furniture Export Council, said the European Bank for Reconstruction and Development allocated 1 million…
Source: Saudi Arabia to offer new aid package to Egypt
January 30, 2014
Source: Saudi Arabia to offer new aid package to Egypt
Saudi Arabia will grant Egypt US$5 billion to support the economy after the presidential elections take place, in addition to…